CODEWITHSUNDEEP
pine-scripttradingback-testingpine-script-v5
Szymon Nowak
Szymon Nowak

Reputation: 23

All pyramiding trades close at the same time

I have TP and SL based on ATR value at entry moment. I have pyramiding option turned on, but then, all open at specific time trades (that are in the same direction: long or short) close at the same moment, all together. How to make every trade independent and how to make every trade being closed on a set at entry TP or SL.

Ps. TP = 2ATR, SL = 1ATR

Ps 2. Pine script version5

Similar problem here: Pyramiding trades with independent take profit (Pinescript)

My code for Long trades:

ATR = ta.atr(14)

if EntryLongCondiction1 and EntryLongCondiction2
    strategy.entry("Long", strategy.long)

lastLongEntryPrice = strategy.opentrades.entry_price(strategy.opentrades - 1)

var float LongProfit = na
var float LongStop = na

if (strategy.position_size[1] != strategy.position_size)
    LongProfit := lastLongEntryPrice + (ATR * 2)
    LongStop := lastLongEntryPrice - (ATR * 1)

strategy.exit("Long", stop=LongStop, limit=LongProfit)

Upvotes: 0

Views: 778

Answers (1)

Justin26l
Justin26l

Reputation: 9

Because all the entry and exit conditions are the same name in "Long", the entry might not be in the same place, but exit will. ATR will hit and trigger the exit condition with all names with "Long" order. If you got a different condition or fixed tp/sl ratio, try naming it like Long 1, Long2, etc.

Upvotes: 1

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